Badger Infrastructure Solutions Ltd.

Thank you for standing by. Welcome to Badger Infrastructure Solutions LTV 2023 third quarter result. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. I would like now to turn the conference over to Lisa Olarte, Director of Investor Relations. Please go ahead.

Good morning, everyone, and welcome to our third quarter 2023 earnings call. My name is Lisa Olarte, Badgers Director of Investor Relations. Joining me on the call this morning is Badger's President and CEO, Rob Lacadar, and our CFO, Rob Dawson. Badger's 2023 third quarter earnings release, MD&A, and financial statements were released after markets closed yesterday and are available on the investor section of Badger's website and on CDAR. We are required to note that some of the statements made today may contain forward-looking information. In fact, all statements made today, which are not statements of historical fact, are considered to be forward-looking statements. We make these forward-looking statements based on certain assumptions that we consider to be reasonable. However, forward-looking statements are always subject to certain risks and uncertainties and undue reliance should not be placed on them, as actual results may differ materially from those expressed or applied. For more information about material assumptions, risks, and uncertainties that may be relevant to such forward-looking statements, please refer to Badger's 2022 MD&A along with the 2022 AIF. I will now turn the call over to Rob Blackadar. Rob?

Thanks, Lisa. Good morning, everyone, and thank you for joining our third quarter earnings call. Before we get into the results, at Badger, we like to start all of our meetings with a safety share. Our company's Making Safety Personal campaign means using all the tools in our safety management system to not only identify and control risk, but whenever possible, remove and mitigate those risks. We use tools like our LITIC system, our Stop Work Authority, and our mentorship programs every day to help us manage risk, both on the job and in the business. At Badger, we invest in the right tools to help our people be successful every day. Now onto the results. As you saw in our third quarter release yesterday, the team continues to raise the bar as evidenced by our record revenues, record gross profit, and record adjusted EBITDA. We are very pleased with our top line growth of 195.6 million which was 20% higher than last year, driven by our commercial strategy rolled out last year, and the impact of our recent focus on our pricing strategies. Importantly, we continue to see our adjusted EBITDA growing up 49% in the third quarter year-over-year, which is 2.5 times the 20% growth in revenue. Our adjusted EBITDA margin was 26.9%, the highest we have achieved in three years. We continue to be encouraged by the trends in our end markets that are supporting solid customer demand. Revenue per truck per month, or RPT, was just over 49,000, up 5% from last year, due to Badger's continued commitment to optimize fleet utilization and pricing. Our Red Deer plant manufactured 57 non-destructive excavation units in the quarter versus 29 units in Q3 of 2022 with a total of 169 year to date. We retired 18 units in the quarter in 56 year to date. We ended the quarter with 1,514 non-destructive excavation units compared to 1,387 at the end of 2022. As we are closing in on the end of the year, we are planning to produce close to the midpoint of our range of between 200 to 230 units. We are planning to retire between 75 to 85 units at the lower end of our previously provided range of 80 to 100 units. As we have previously discussed, we've begun refurbishing select units by replacing key components to extend the useful life of these units by five years and increase the company's return on invested capital. We are very pleased with the finished results of the initial completed units that we have rolled back into our operation so far. Since the start of the program, we've experienced some vendor delays, and as a result, we are now expecting to fully complete between 15 and 20 units by the end of the year. Going forward, we have a plan in place to mitigate these delays after the turn of the year. We continue to believe this program contributes to improving our return on invested capital and will help to level out our retirements over the next few years. I will now turn the call over to Rob Dawson to discuss our financial results in more detail. Thanks, Rob.